Investment Entity: Apex Compressed Air Energy Storage LLC
Geography: Texas
Sector: Electric storage and power generation
Investment Fund: Fund IV
Initial Investment: January 2011
Apex was created to develop, build, own and operate compressed air energy storage (CAES) plants. CAES is a proven power generation technology with unique capabilities to satisfy emerging grid and power market needs. The Apex management team possesses exceptionally deep power industry experience encompassing power development, marketing, commodity risk management, corporate development and finance. The principal investor, Haddington Ventures, developed the Norton CAES project in northern Ohio, which was sold in 2010 to FirstEnergy Corp. Additionally, Haddington Ventures has over 20 years of experience developing underground natural gas storage projects. The combination of a highly accomplished management team and an investor with broad experience in energy storage enhances Apex’s ability to successfully execute on its objectives.
